Veritex Holdings, Inc. (NASDAQ:VBTX) Receives $33.25 Consensus PT from Analysts

Veritex Holdings, Inc. (NASDAQ:VBTX) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.25.

Several brokerages have recently weighed in on VBTX. Keefe, Bruyette & Woods raised their price objective on Veritex from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Piper Sandler restated a “neutral” rating and issued a $34.00 price objective (up previously from $30.00) on shares of Veritex in a report on Wednesday, July 16th. William Blair upgraded Veritex to an “outperform” rating in a report on Monday, July 14th. DA Davidson lifted their price target on Veritex from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Veritex in a report on Wednesday, October 8th.

Insiders Place Their Bets

In related news, Director Fallon William sold 7,220 shares of Veritex stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $30.68, for a total transaction of $221,509.60. Following the completion of the transaction, the director owned 14,191 shares in the company, valued at approximately $435,379.88. This trade represents a 33.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arcilia Acosta sold 7,279 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $32.14, for a total value of $233,947.06. Following the sale, the director owned 54,933 shares of the company’s stock, valued at approximately $1,765,546.62. This represents a 11.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,312 shares of company stock worth $846,146. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Veritex

A number of institutional investors have recently made changes to their positions in VBTX. Salzhauer Michael boosted its holdings in shares of Veritex by 20.7% during the first quarter. Salzhauer Michael now owns 59,361 shares of the financial services provider’s stock worth $1,482,000 after acquiring an additional 10,184 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Veritex by 13.8% during the first quarter. Teacher Retirement System of Texas now owns 19,367 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 2,347 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Veritex by 2.7% during the first quarter. Principal Financial Group Inc. now owns 271,362 shares of the financial services provider’s stock worth $6,776,000 after acquiring an additional 7,255 shares during the period. Cerity Partners LLC boosted its holdings in shares of Veritex by 29.2% during the first quarter. Cerity Partners LLC now owns 14,647 shares of the financial services provider’s stock worth $366,000 after acquiring an additional 3,312 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Veritex by 6.9% during the first quarter. New York State Common Retirement Fund now owns 15,425 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 88.31% of the company’s stock.

Veritex Price Performance

Shares of NASDAQ VBTX opened at $30.26 on Wednesday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 14.41 and a beta of 1.06. The business has a 50-day moving average of $32.93 and a 200-day moving average of $28.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.96 and a quick ratio of 0.96. Veritex has a fifty-two week low of $20.37 and a fifty-two week high of $34.96.

Veritex (NASDAQ:VBTX) last announced its quarterly earnings data on Thursday, March 3rd. The financial services provider reported $0.64 earnings per share for the quarter. The company had revenue of $64.03 million during the quarter. Veritex had a return on equity of 7.55% and a net margin of 14.83%. As a group, sell-side analysts predict that Veritex will post 2.26 earnings per share for the current fiscal year.

Veritex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. Veritex’s dividend payout ratio (DPR) is presently 41.90%.

Veritex Company Profile

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.